GST Article ‘ Claiming ITCs in reliance on corporate credit card information

Key Points: On 14 August 2017, WTI 2017/5 titled Goods and Services Tax: Waiver of Tax Invoice Requirement (Corporate Card Statements) Legislative Instrument 2017 (the Legislative Instrument) was registered. The Legislative Instrument — which applies to tax periods commencing on or after 14 August 2017 — relieves entities from the tax invoice requirements for the purposes of …

Read moreGST Article ‘ Claiming ITCs in reliance on corporate credit card information

Categories GST

Salary Packaging Article ‘ Superannuation guarantee salary sacrifice integrity measures introduced to protect employee entitlements

Superannuation guarantee salary sacrifice integrity measures have now been tabled by the Federal Government by way of an Exposure Draft. The ‘Treasury Legislation Amendment (Improving Accountability and Member Outcomes) Bill 2017: superannuation guarantee (salary sacrifice integrity measures)’ proposes amendments to ensure that an individual’s salary sacrifice contributions cannot be used to reduce an employer’s superannuation …

Read moreSalary Packaging Article ‘ Superannuation guarantee salary sacrifice integrity measures introduced to protect employee entitlements

Salary Packaging Article ‘ Developments in STP and SGC

STP Update In last month’s newsletter we provided an update on Single Touch Payroll (STP), highlighting progress towards the implementation of STP for employers with 20 or more employees from 1 July 2018. This month’s news is that the Federal Government has decided that employers with 19 or fewer employees will have to move to …

Read moreSalary Packaging Article ‘ Developments in STP and SGC

Eligibility Article – Yet again, another case of an organisation unsuccessfully seeking payroll tax exemption as a charity

The recent case of South Australian Chamber of Commerce & Industry Incorporated v Commissioner of State Taxation  (2017) SASC 127 continues a string of recent cases around Australia with employers seeking payroll tax exemption for wages paid under the exemptions available to charitable institutions. In this matter the taxpayers were unsuccessful. The taxpayer is a …

Read moreEligibility Article – Yet again, another case of an organisation unsuccessfully seeking payroll tax exemption as a charity

FBT Article ‘ reimbursement/payment of staff ‘working with children check’ costs

The ‘working with children check’ (check) assists in protecting children from sexual or physical harm by ensuring that people who work with, or care for, them are subject to a screening process. Unless an exemption applies, an individual must obtain a check to do child-related work. An individual is generally regarded as doing child-related work …

Read moreFBT Article ‘ reimbursement/payment of staff ‘working with children check’ costs

FBT Q&A ‘ Contribution towards employer FBT liability

Question We have an employee provided with a car fringe benefit by way of a novated lease who chose not to contribute post tax employee contributions during the FBT period. This has resulted in a large FBT liability and associated reportable fringe benefits amount.  The employee in question repaid us the FBT liability in May …

Read moreFBT Q&A ‘ Contribution towards employer FBT liability

FBT Q&A ‘ software provided to employee

Question I have a query in relation to computer software that is provided to employees to perform their employment duties. Where the employee is provided with two items of software, will the work related items exemption apply if: the software has identical functions; and the software is substantially different in nature? Answer The exemption provided …

Read moreFBT Q&A ‘ software provided to employee

GST Q&A ‘ GST and selling things on behalf of local community members

Question Our information centre sells products on commission for local community members.  Can you please advise the GST treatment? That is, what happens when the monies go into our trust (we currently don’t include GST)? Also, what happens if the local community member gives us a tax invoice when we make payment to them?  The …

Read moreGST Q&A ‘ GST and selling things on behalf of local community members

Categories GST

GST Article ‘ GST implications of Developer Contributions

The GST law contains special rules that apply in specific circumstances. Examples are Division 81 dealing with Australian taxes, fees and charges, and Division 82 which deals specifically with transactions relating to rights to develop land. It is relatively common for Councils to impose conditions to development approvals, and such conditions may require either an …

Read moreGST Article ‘ GST implications of Developer Contributions

Categories GST